IHG Hits 1 Million Rooms
Skift Take
IHG Hotels & Resorts has surpassed one million open rooms across the globe, and reported earnings. Hyatt and Apple Hospitality also reported earnings. Accor might run an IPO for Ennismore. And other news.
The DJIA fell 224 points while the Nasdaq was up 73, the S&P 500 was down 5 points, and the 10-year treasury yield was up .02 to 4.24%. You can’t get any more mixed than the financial markets have been lately, clearly showing the uncertainty. Lodging stocks were also mixed. IHG was the best performer, up 6%. ABNB took the big hit, down 8% while the other earnings names like H and APLE were modestly higher.
The earnings season has peaked (thankfully) with Hyatt getting some praise for beating expectations. We think it was more that analysts couldn’t find any negative surprises in the report. They are expecting flat to +2% RevPAR in the second half of 2025. Hyatt did not repurchase any shares in the second quarter, which was probably due to the closing of the Playa acquisition. (Read more context on Hyatt earnings on Skift.)
Apple Hospitality reported an in-line second qu
